Cognizant Posts $5.41 Billion Q1 Revenue as Adjusted EPS Beats at $1.40
Updated
Updated · 24/7 Wall St. · Jun 7
Cognizant Posts $5.41 Billion Q1 Revenue as Adjusted EPS Beats at $1.40
1 articles · Updated · 24/7 Wall St. · Jun 7
Summary
$5.41 billion in Q1 2026 revenue marked 5.8% year-over-year growth for Cognizant, while adjusted EPS of $1.40 topped the $1.33 consensus and rose 13.8%.
Financial Services led the quarter with revenue up 12.4% to $1.644 billion, and bookings climbed 21% year over year to a trailing $29.6 billion with a 1.4x Book-to-bill ratio.
5,000-plus AI engagements and partnerships spanning OpenAI, Google Cloud, Palantir and Microsoft-focused 3Cloud underpin Cognizant's push to capture enterprise automation demand.
$1.6 billion of planned 2026 capital returns—including $1 billion in buybacks—and a dividend increase to $0.33 accompany Project Leap, which targets $200 million to $300 million in savings and a 16.0%-16.2% adjusted operating margin.